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FxWirePro: NZD/USD hovers around 20-DMA at 0.6913, bias higher, good to go long on break above

May 17, 2017 06:41 am UTC| Technicals

NZD/USD breaks 20-DMA at 0.6913, intraday bias higher. Bullish RSI divergence seen on daily charts, raises scope for upside. Technical indicators are bullish, next immediate resistance seen at 0.6950...

FxWirePro: Silver jumps above $16.90 mark, upside limited

May 17, 2017 06:37 am UTC| Technicals

XAG/USD is currently trading around $16.85 marks. It made intraday high at $16.91 and low at $16.79 levels. Intraday bias remains neutral till the time pair holds key support at $16.82 mark. A daily close...

FxWirePro: Gold faces resistance around 200- day MA, good to buy on dips

May 17, 2017 06:28 am UTC| Technicals

Gold prices continuing its uptrend for fourth consecutive days on the back of poor economic data. The yellow metal jumps till $1244.79 and it is currently trading around $1243. U.S new home construction has fallen in...

FxWirePro: AUD/USD struggles at 23.6% Fib, bias higher, stay long

May 17, 2017 06:01 am UTC| Technicals

AUD/USD is struggling to extend gains beyond 23.6% Fib retrace of 0.7749 to 0.7328 fall. The pair is holding 5-DMA support at 0.7405, we see weakness only on break below. We have seen a Bullish Bat Pattern...

FxWirePro: USD/INR hovers around 64.00 mark, faces strong support at 63.94

May 17, 2017 05:47 am UTC| Technicals

USD/INR is currently trading around 64.06 marks. It made intraday high at 64.18 and low at 63.95 marks. Intraday bias remains neutral till the time pair holds key support at 63.94 marks. Key resistances are...

FxWirePro: Nikkei trades weak on account of stronger yen, good to sell on rallies

May 17, 2017 05:34 am UTC| Technicals

Nikkei index declined yesterday after jumping till 19962 on account of stronger yen . U.S dollar declined against all major pairs due to weak economic data. U.S housing starts dropped 2.6% to a seasonally adjusted...

FxWirePro: USD/JPY breaks below 100-DMA, good to go short on rallies

May 17, 2017 05:01 am UTC| Technicals

USD/JPY breaks below 100-DMA at 112.87, intraday bias lower. US dollar was broadly sold-off into the US political disarray and increased doubts over Trumps ability to deliver on his campaign promises. Technical...

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Economy

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have baffled outsiders more. In the face of climate change, calls to expedite the transition away from fossil...

What if the Reserve Bank itself has been feeding inflation? An economist explains

Heres something for the board of the Reserve Bank of Australia to ponder as it meets next month to set interest rates. It has pushed up rates on 13 occasions since it began its attempt to restrain inflation in May...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Turkey’s suppression of the Kurdish political movement continues to fuel a deadly armed conflict

The world has 91 democracies and 88 autocracies. Yet 71% of the worlds population (some 5.7 billion people) are living under autocratic rule, a big jump from 48% ten years ago. This trend towards authoritarianism can...

Science

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

SHIB Price Climbs as Shibarium Upgrade Sparks Optimism Among Investors

The Shiba Inu cryptocurrency surged over 4% on April 26, buoyed by executive enthusiasm for the forthcoming Shibarium upgrade to enhance the platforms functionality and security. Shibarium Upgrade Fuels Market Optimism,...

China Investigates Digital Yuan Architect Yao Qian Amid CBDC Concerns

Yao Qian, a pivotal figure behind Chinas digital yuan, is under investigation for alleged misconduct, casting uncertainty on the future of Chinas CBDC initiatives. Probe into Yao Qian Shakes Foundations of Chinas...

Shein Joins Facebook, Amazon in EU Digital Regulations Compliance

Under the EU Digital Regulations, Shein has joined tech giants like Facebook, Amazon, and Google in meeting the strict compliance standards set by the EUs Digital Services Act due to its user base surpassing 45 million in...

Metaplanet Inc. Buys $6.25M in Bitcoin, Pivots to Digital Assets

In a strategic financial maneuver, Metaplanet Inc., a prominent Japanese public company, has invested $6.25 million in Bitcoin, marking its entry into the burgeoning cryptocurrency market. Metaplanet Dives into Crypto,...

Samsung Galaxy S24 FE Details Leak: Model Numbers, Name Uncovered

New leaks disclosing the Galaxy S24 FEs model numbers and official name have contributed to the series anticipation as Samsung advances the devices production. Leak Unveils Samsung Galaxy S24 FE Details Samsungs...